[Opinionated Blowhard]

I thought this article was going to be about the universities themselves being rackets and the administrators and professors enriching themselves. But its about student loans. The whole system needs to be reviewed and fixed. I bet pulling federal money out would be a good start, but unfortunately, that won’t happen.

[sanjuanbob]

I know of someone who has 3 little kids, works part-time minimum wage, gets food stamps for all, has a boyfriend who is father of the kids who is a shadow figure, self employed living with them who also gets his own benefits. They all have free medical and now the girl is going to a community college and getting student loans for tuition and living expenses. There is massive fraud going on in CA.

[Red Badger]

1. Guaranteed federal loans for college students’ tuition.
2. Students borrow money for tuition.
3. University raises tuition.
4. Student borrows MORE money.
5. University raises tuition.
6. Student borrows MORE money...................

Repeat as necessary................

[Vlad The Inhaler]

The whole system needs to be reviewed and fixed. I bet pulling federal money out would be a good start, but unfortunately, that won’t happen

You hit the nail on the head.

There are two big pigs slopping at that trough - The universities and staff and the loan industry.

The main thing that keeps the scam going is government money.

First is money that goes directly to the universities through various programs. Secondly are the student loan guarantees.

This is just another government/business scam to transfer wealth from taxpayers to insiders with powerful lobbies (universities) and to government favored interest/victim groups (students).

Government money has corrupted the "education" business the same way it has corrupted the medical care industry.

[minnesota_bound]

UC President Janet Napolitano is living in a 3,400 sq/ft “apartment”
The cost over 4 years has been about $860,000 <—
She stashed away $175 million from public view while raising tuition.
Private jets, free cars, medical cost covered. She has 1,600 people in her office making 100, 200, 300, 400,000 a year plus all the other perks.
No expense to great for the people of California to support this corrupt person.

1 person at the top of a school, now times this by all the other schools in the nation. They are rewarded while the students are dropping out or graduate without being able to do the basics.

Get rid of the federal gov’t involvement. State is bad enough.